Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.011%

Price spread now: GRVT against StandX+0.080%62s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.295% of the position

Long on StandX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.080%, 7d avg +0.019%

Together, before fees+0.188%+ Points / potential airdropStandX: Active · GRVT: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GRVT is 0.061% dearer against StandX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,047.1	0	get 0.0000% / 1h	54m 22s	$189K	$3.3M	20x
Short	GRVT MU_USDT_Perp	1,048	0.0195	get 0.0195% / 8h	7h 54m	$82K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against StandX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee StandXbpFee GRVTbpOrdersPrice spread, now +0.080%Rate

Funding earned: $40.95
Price spread: +0.080% → +0.019%: $6.07
Slippage, 4 orders: −$12.5
Fee StandX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $17.51
Costs to cover: 0.295%
Break-even: 4.0 days

Slippage from StandX: live order book, 5 min ago; GRVT: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 5 min ago	3.11 bp	9.7 bp −$10	15.6 bp −$156	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	1.15 bp	5.7 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0946%	4h	1,047	−0.017%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.5	+0.130%	$63.1M	$28.3M	75x	as long as short
StandX MU-USDlong	0.0000%	1h	1,047.1	long leg	$189K	$3.3M	20x
SunX MU-USDT	0.0000%	8h	1,050.3	+0.300%	$11K	$6.4M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.3	+0.107%	$130K	$418K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,046.2	−0.087%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.2	+0.102%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.342%	$14K	$251	12x	as long as short
Lighter MU	+0.0040%	1h	1,048.4	+0.121%	$1.1M	$4.7M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049	+0.176%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.6	+0.044%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,048.5	+0.133%	$7.9M	$23.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0055%	1h	1,048.5	+0.130%	$62K	$292K	10x	as long as short
Nado MU-PERP	+0.0073%	1h	1,048.4	+0.124%	$271K	$859K	10x	as long as short
OKX MU-USDT-SWAP	+0.0088%	8h	1,048.9	+0.166%	$30.9M	$101.7M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.4	+0.121%	$153K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.9	+0.076%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.6	+0.140%	$834	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0108%	8h	1,049	+0.182%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,048.6	+0.137%	$34K	—	10x	as long as short
Bitget MUUSDT	+0.0149%	8h	1,048.6	+0.144%	$20.6M	$41.5M	50x	as long as short
Variational Omni MU	+0.0168%	8h	1,048.2	+0.098%	$2.7M	$2.5M	—	as long as short
Aster MUUSD1	+0.0177%	8h	1,048	+0.084%	$21.6M	$47.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,046.7	−0.045%	$759K	$1.3M	10x	as long as short
Binance MUUSDT	+0.0185%	8h	1,048.7	+0.154%	$125.4M	$525.6M	50x	as long as short
GRVT MU_USDT_Perpshort	+0.0195%	8h	1,048	+0.080%	$82K	$1.4M	10x
Arcus MU-USD	+0.0240%	1h	1,047.2	+0.006%	$71K	$243K	10x	as long as short
BloFin MU-USDT	+0.0303%	8h	1,048.4	+0.122%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,048.7	+0.149%	$315K	$339K	20x	as long as short
Bybit MUUSDT	+0.0398%	8h	1,048.8	+0.156%	$19.2M	$32.6M	100x	as long as short
SoDEX MU-USD	+0.0418%	1h	1,048.4	+0.121%	$688K	$16K	10x	as long as short
ApeX Omni MUUSDT	+0.0451%	1h	1,048.3	+0.115%	$71K	$267K	50x	as long as short
Phoenix MU	+0.0460%	1h	1,048	+0.083%	$536K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0616%	1h	1,048.3	+0.107%	$550K	$1.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0781%	1h	1,048.4	+0.121%	$170K	$202K	10x	as long as short
Bullet MU-USD	+0.1027%	1h	1,048.7	+0.150%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.1096%	1h	1,048.4	+0.121%	$177.7M	$100.3M	10x	as long as short